8 Common Problems That 90 % of the Traders Face
Problem 7: Hesitation
When all requirements of your trading plan are met but dare not to act on to put on a trade, resulting inconsistent profit.
Causes & Solutions:
This could be due to the lack of confidence in your own trading strategy. The other reason could be, you are suffering from analysis paralysis. You have taken too many factors into considerations and resulting you have no idea where the market is heading next.
The solution for a lack of confidence is pretty simple. The reason you are lacked confidence is that either you have no understanding of the strategy that you are applying or you don’t believe it will bring you profits eventually. Backtesting or start trading it with a small amount can help you to understand it better and build your confidence up.
It also could be the trading strategy does not fit your personality, find one trading strategy that fits your personality and you have confidence with. It is hard for a long term trader by nature to do scalping, it is simply not them.
Last but not least
It is impossible to overcome all your mental obstacles just by reading books or watching videos alone. It requires hours of practices and dedication in order to get your mind reprogrammed. Without this, you will end up making the same mistake you promised yourself not to again and again.
However, with the right framework, this can be done effectively and save you from years of trials and errors, it also means money being saved from giving it to the market.
Learn how our "core of successful trading framework" that helped hundreds of traders around the globe obtaining consistency in trading in as short as 3 weeks time.